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Goodness!!! Safaricom HY 2011-2012 RESULTS Down 50%
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guru267
#71 Posted : Wednesday, November 09, 2011 9:39:30 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25081985 wrote:
you guys really intrigue me its like safcom has been trading in the 6-7 bob now it fallen to 3 bob ..lol.this stock has been bartered with all sort of bad news you ccan imagine but has still held well.
Investors are forward thinking (atleast smart money)and tomorrow we might be surprised when huge demand comes through..
this is one heck of a resilient stock...and thats what i like it for ..


DELUSIONAL!! thats all I can say
Mark 12:29
Deuteronomy 4:16
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guru267
#72 Posted : Wednesday, November 09, 2011 9:42:18 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ilikeyou wrote:
can some pls educate me on when a co is required to issue a profit warning?


Profit warnings are issued at the discretion of the company.. They are not at all compulsory!
Mark 12:29
Deuteronomy 4:16
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Sober
#73 Posted : Wednesday, November 09, 2011 9:50:39 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Ilikeyou wrote:
can some pls educate me on when a co is required to issue a profit warning?


thiis is when a listed company informs the shareholders that their perfomance shall be lower than the previous period. The essance should be that if at all one is buying he is aware of that when determining the valuation.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Mpenzi
#74 Posted : Wednesday, November 09, 2011 10:00:46 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
guru267 wrote:
Ilikeyou wrote:
can some pls educate me on when a co is required to issue a profit warning?


Profit warnings are issued at the discretion of the company.. They are not at all compulsory!


Wrong!

"(1) An issuer shall disclose all material information and make a public announcement of:

.........
..........
........,,
...........
(f) any profit warning, where there is a material discrepancy between the projected earnings for the current financial year and the level of earnings in the previous financial year.

(2) For the purposes of subparagraph (1)(f), the expression “material discrepancy” in relation to projected earnings fora financial year means that such earnings are at least 25% lower than the level of earnings in the previous financial year."

THE CAPITAL MARKETS (SECURITIES) (PUBLIC OFFERS, LISTING AND DISCLOSURES) REGULATIONS, 2002, 5th Schedule
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Ilikeyou
#75 Posted : Wednesday, November 09, 2011 10:02:43 PM
Rank: Member

Joined: 11/21/2007
Posts: 152
Location: Nairobi
@Sober, @guru267, @ Mpenzi Thanks so much. I am now educated.

@ Mpenzi,thought Safcon need to have issued Profit warning Then?
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  | | Edit by user: Wednesday, November 09, 2011 10:09 PM | Reason: Not specified
Mpenzi
#76 Posted : Wednesday, November 09, 2011 10:15:20 PM
Rank: Veteran

Joined: 10/17/2008
Posts: 1,234
Ilikeyou wrote:
@Sober, @guru267, @ Mpenzi Thanks so much. I am now educated.

@ Mpenzi,thought Safcon need to have issued Profit warning Then?


These were half year results. I expect Safcon to issue a profit warning in the 2nd half of its financial year unless a miracle happens.
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muganda
#77 Posted : Wednesday, November 09, 2011 10:27:38 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@Mpenzi, well said. Profit warning for FY results a must. Isn't it ironical how many Wazuans were agitating for a profit warning Mar 2011 (when tariffs were first reduced) only to be disappointed. And now it happens unexpected...


I also found this interesting:

Revenue shows company performed well in a tough environment, yet profit before taxation declined (5.0b)

If you take Operating Expenses (4.9b) and Selling General Administrative Expenses (1.7b) you get the missing 6.3b
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jerry
#78 Posted : Wednesday, November 09, 2011 10:32:19 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sober wrote:
How long will the 10% rule be lifted after an important announcement on a counter?

Just a day.
The opposite of courage is not cowardice, it's conformity.
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stocksmaster
#79 Posted : Thursday, November 10, 2011 12:33:24 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
muganda wrote:
An army is hierachical,
its autocratic leader instills fear,
and many a rival despise its achievements.

A social movement is all-inclusive,
its leader takes time to build consensus,
and goodwill felt on all fronts is welcome.

mlennyma wrote:
The end of an era. Profitability list reads Eabl, KCB, Equity, BBK then Safaricom.

Cde Monomotapa wrote:
Maybe these are Safaricom Foundation's numbers smile

The army excels in Execution
yet a social movement breeds equality.
50% down and shareholder value elusive; I must wonder, Why 'progress' is so painful?

Is it likely that Vodafone is doing better than Safaricom?
For HY Revenue Up 4%
with EBITDA margin 32%
decline in net profit 3%
interim+special dividend up 7% (for a 7% yield)?

Or Vodacom is doing better than Safaricom?
For HY Revenue up 8%
with EBITDA margin of 35%
increase in net profit 3%
interim dividend up 44% (for a 7% yield)



Nice!

Seems people have never realised that the MPESA doesn't belong to Safaricom......Safcom is just a tenant and the bulk of the profits (nay calculated as percentage of revenue) are shipped to England.

The GoK was very strategic in disposing Safcom when it was at its peak.

Happy Hunting.
x handle: @stocksmaster79
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GGK
#80 Posted : Thursday, November 10, 2011 7:23:43 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
I spent the whole of last night consulting on this. There some intelligence quarters that are of opinion this might be stage managed to create an impression that Scom is doing badly to devalue the stock price. According to my sources, they believe sub-2/= is possible. They will buy in bulk at the that level.

The performance will improve eventually n so will stock price to 5/= n they will dispose their bulk holding. There you have it...campaign funds PAP!
"..I am because we are. "― Ubuntu, Umtu,
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  | | Edit by user: Thursday, November 10, 2011 7:28 AM | Reason: Not specified
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